Company Performance - Pilgrim's Pride (PPC) closed at $44.01, reflecting a -2.33% change from the previous day, underperforming the S&P 500 which had a daily loss of 0.4% [1] - Prior to the latest trading session, shares of Pilgrim's Pride had decreased by 1.96%, lagging behind the Consumer Staples sector's loss of 1.24% and the S&P 500's gain of 4.97% [1] Upcoming Earnings - The earnings report for Pilgrim's Pride is scheduled for July 30, 2025, with projected earnings per share (EPS) of $1.63, indicating a 2.4% decrease from the same quarter last year [2] - For the full year, Zacks Consensus Estimates project earnings of $5.39 per share and revenue of $0 million, showing changes of -0.55% and 0% respectively from the previous year [2] Analyst Forecasts - Recent revisions to analyst forecasts for Pilgrim's Pride should be monitored, as these adjustments reflect the changing dynamics of short-term business patterns [3] - Positive changes in estimates are indicative of analyst optimism regarding the company's business and profitability [3] Valuation Metrics - Pilgrim's Pride has a Forward P/E ratio of 8.37, which is a discount compared to its industry's Forward P/E of 12.24 [5] - The company currently holds a Zacks Rank of 4 (Sell), with the consensus EPS projection remaining stagnant over the past 30 days [5] Industry Context - The Food - Meat Products industry, part of the Consumer Staples sector, has a Zacks Industry Rank of 196, placing it in the bottom 21% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]
Why Pilgrim's Pride (PPC) Dipped More Than Broader Market Today